Kuwait's KAMCO to acquire 70% of Global Investment House | ZAWYA MENA Edition:
KAMCO Investment (KAMCO) on Tuesday announced receiving the approval of the Capital Markets Authority (CMA) to acquire the majority of Global Investment House (Global).
KAMCO intends to buy around 396.43 million shares from Global, which is not listed on Boursa Kuwait. The acquired shares represent 69.5% of Global's capital, according to the company’s statement to the Kuwaiti bourse.
Early in May, KAMCO has signed a preliminary contract to purchase about 396.43 million of the issued capital in Global Investment House.
No comments:
Post a Comment